Selling pressure persisted across bitcoin and ether ETFs, while XRP quickly rebounded from its first outflow day. Solana continued to attract fresh capital, reinforcing its growing appeal among investors.
Bitcoin ETFs Extend Losing Streak With $399 Million Exit
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Bitcoin, Ether Slide Again as XRP and Solana Rebound
Momentum remained fragile across U.S. spot crypto ETFs as Thursday, Jan. 8, delivered another uneven session. Bitcoin and ether stayed under pressure, extending a multi-day retreat, while XRP snapped back into inflows and solana quietly built on its recent resilience.
Bitcoin ETFs recorded a $398.95 million net outflow, marking yet another heavy drawdown for the sector. Blackrock’s IBIT led the exits with $193.34 million, followed by Fidelity’s FBTC, which shed $120.52 million. Grayscale’s GBTC continued to see redemptions, losing $73.09 million, while its Bitcoin Mini Trust posted a smaller $7.24 million outflow. Ark & 21Shares’ ARKB rounded out the losses with $9.63 million. Bitwise’s BITB was the lone exception, attracting a modest $2.96 million inflow. Total value traded reached $3.08 billion, as assets slipped further to $117.66 billion.
Ether ETFs also remained firmly in outflow territory, posting a $159.17 million net exit. Blackrock’s ETHA drove most of the decline with a sharp $107.65 million outflow. Grayscale’s ETHE followed with $31.72 million in redemptions, while Grayscale’s Ether Mini Trust lost $12.90 million. Fidelity’s FETH and Vaneck’s ETHV contributed additional exits of $4.63 million and $2.27 million, respectively. Trading activity totaled $1.15 billion, with net assets easing to $18.93 billion.
XRP ETFs returned to positive territory after Wednesday’s setback, recording $8.72 million in net inflows. Bitwise’s XRP led the recovery with $4.51 million, followed by Grayscale’s GXRP at $2.89 million. Canary’s XRPC and 21Shares’ TOXR added $903K and $414K, respectively. Total value traded stood at $29.70 million, while net assets held steady at $1.49 billion.
Read more: Bitcoin ETFs Shed $486 Million as XRP Sees First-Ever Outflows
Solana ETFs extended their winning streak with a $13.64 million inflow. Bitwise’s BSOL captured the bulk with $7.79 million, while Grayscale’s GSOL added $4.65 million and Fidelity’s FSOL brought in $1.21 million. Trading volume reached $16.94 million, and net assets closed at $1.10 billion.
By the end of the session, the day’s trading flow underscored a market still unwinding excess risk. Bitcoin and ether continued to absorb heavy outflows, while selective appetite emerged in XRP and, more notably, solana, shifting toward narrower, conviction-driven positioning rather than broad crypto exposure.
FAQ📊
- Why are Bitcoin ETFs still seeing heavy outflows?
Investors continue de-risking BTC exposure as momentum weakens and selling pressure persists. - What is driving Ether ETF losses this session?
Large redemptions from BlackRock’s ETHA and Grayscale products kept ETH ETFs firmly in the red. - How did XRP ETFs perform after their first outflow day?
XRP quickly rebounded, returning to modest inflows as investors selectively added exposure. - Why are Solana ETFs attracting fresh capital?
Solana’s consistent inflows reflect growing investor confidence and relative strength versus majors.
